Global firm says it has passed tests set by the Federal Tax Authority The Federal Tax Authority (FTA) has approved PwC as a registered tax agent as demand rises following the launch of VAT in the UAE at the start of the year. PwC said in a statement that it has met the required...

Tasmeem Building Contracting is hired to build Azizi Gardens, Azizi Park Avenue, and Azizi Greenfield UAE-based Azizi Developments has awarded contracts worth AED102 million ($27.7 million) to Tasmeem Building Contracting (TBCI) to develop its Meydan Avenue projects. The new projects at...

Roads and Transport Authority exec reveals plan to make Dubai a cyclist-friendly city Dubai's transport authority has announced plans to expand cycle lanes in the city to 850km by 2030 from 316km this year. Speaking at a session at the MENA Transport Congress and Exhibition, Mona Al...

Mandarin Oriental Muscat, which is set to open in 2021, will feature 150 guestrooms and suites plus 155 Residences Eagle Hills, a UAE-based private real estate investment and development company, has announced its entry into Oman with the launch of Mandarin Oriental, Muscat. The...

Chestertons MENA report says further pressure to be put on prices, rents during remainder of 2018 The addition of new stock, tough macroeconomic conditions and moderate population growth are set to place further pressure on property sales prices and rental rates in Dubai, according to a...

Positive sentiment towards future growth prospects improve sharply in latest Emirates NBD survey Dubai will be a key driver of the UAE's resilience with its non-oil economy on track to record a 3.7 per cent growth in 2018. Business confidence reached a 34-month high in the UAE as the...

District cooling plant will serve the Expo Village, Dubai South Mall and the new conference and exhibition centre Emirates District Cooling has been awarded the contract for a district cooling plant serving the Expo Village, Dubai South Mall and the new conference and exhibition centre at...

Developer says retail, hospitality and residential leasing businesses all continue to perform robustly Dubai master developer Nakheel made a net profit of AED1.55 billion ($420 million) in the first quarter of 2018 – up 5 percent on Q1 2017, it announced on Wednesday. The developer said...

Shaiban has been appointed as Chief Executive Officer of FAB's new commercial banking business in Saudi Arabia. First Abu Dhabi Bank (FAB) , the largest bank in the United Arab Emirates by assets, said on Wednesday it has appointed Layth al-Shaiban, a former executive at Qatar National...

Regulators in Malaysia, Singapore, Indonesia and Thailand have also placed Financial.org on alert lists ABU DHABI: The United Arab Emirates' securities regulator on Wednesday warned investors not to deal with Financial.org, an unregulated British company that has attracted investors from...